Institutional trading and portfolio management systems provider TORA has just announced that it has implemented its Order and Execution Management System (OEMS) and Portfolio Management System (PMS) at Systematic Investment Management AG (SIMAG) based in Zurich.
TORA has recently launched its TORA Rebalancing tool, which helps asset managers reduce risk and improve workflow efficiencies around the portfolio rebalance process.
SIMAG is the joint venture between Credit Suisse and the Swiss Federal Institute of Technology (ETH Zurich) created 2 years ago.
Christian Gast, SIMAG’s CEO who recently joined from Blackrock where he was Head of iShares and Index Investing, said:
The integration of TORA has been an essential tool in the efficient execution of our global strategy. After a thorough selection process, we found TORA’s flexible configuration, state-of-the-art technology and tailored client service to be the best solution for our STP requirements.
David Tattan, Head of European Sales, TORA stated:
We are delighted the TORA platform is supporting SIMAG on their new fund launch and their future growth. We see more and more clients wanting to capitalise on the unified system that TORA offers, and utilizing the cloud-based technology to scale as they grow. We are continuously looking to invest in the success of our clients with flexible, scalable technology and hands-on service.